Key figures

Group summary (DKK million)
 2009
 2008
2007 
2006
2005
Revenue
8,439.7
9,821.2
8,150.3
7,370.2
3,734.8
EBITDA
 587.9
756.5
 764.3
 788.8
421.9
EBITA
 192.4
337.6
 438.8
 471.5
203.8
Operating profit (EBIT)
 190.0
124.4
 438.8
 471.5
201.6
Profit/(loss) after tax in associates
 (11.4)
4.0
 (3.0)
 4.2
0.1
Profit/loss from divestment of equity investments
0.0
21.4
0.0
 282.9
17.6
Value adjustment of the holding of Vestas shares
 40.6
(871.5)
 1,466.8
 692.4
381.0
Net financials before value adjustment of Vestas shares
 (117.7)
(143.5)
 (136.5)
 (102.9)
 (70.6)
Profit/(loss) before tax
101.5
(865.2)
 1,766.1
 1,348.1
529.7
Tax on the profit/(loss) for the year
(28.5)
 (38.3)
(102.4)
 (107.9)
(33.1)
Profit for the year from continuing operations
 73.0
 (903.5)
1,663.7
 1,240.2
496.6
Profit for the yare from discontinuing operations
77.9
0.1
19.5
74.6
0.0
Profit/loss for the year
150.9
 (903.4)
 1,683.2
 1,314.8
496.6
 
 
 
 
 
 
Share of equity attributable to shareholders of Schouw & Co.
4,454.5
4,414.7
4,972.4
3,460.6
2,307.6
Minority interests
298.9
220.2
669.1
 380.8
472.1
Total equity
4,753.4
4,634.9
 5,641.5
 3,841.4
2,779.7
Total assets
9,658.5
 10,153.2
10,316.4
 7,465.8
6,965.1
Net interest-bearing debt
2,280.7
2,996.4
2,641.3

2,071.6

2,711.5
Working capital
1,455.4
2,208.3
1,842.4
1,596.0
1,457.0
 
 
 
 
 
 
Other financial data
 
 
 
 
 
Number of employees
3,334
3,743
3,541
3,352
2,784
Investments in property, plant and equipment
208.4
335.2
 308.8
536.7
450.9
Depreciation of property, plant and equipment
322.2
328.0
300.5
293.2
187.3
Return on equity (%)
2.5
(19.1)
 39.2
 43.0
24.3
ROIC (%) 
4.3
7.2
10.3
13.5
7.5
Equity ratio (%) 
49.2
45.6
 54.7
51.5
39.9
Cash flow from operating activities
1,191.2
273.0
281.4
420.3
275.7
EBITDA margin (%)
7.0
7.7
9.4
10.7
11.3
EBIT margin (%)
2.3
1.3
5.4
6.4
5.4
 
 
 
 
 
 
Per share data
 
 
 
 
 
Earnings per share (of DKK 10)
4.43
 (35.34)
 70.74
52.76
 21.09
Diluted earnings per share (of DKK 10)
4.43
 (35.34)
 70.45
 52.56
 21.06
Dividend per share (of DKK 10)
3.00
 3.00
3.00
 3.00
 1.50
Net asset value per share (of DKK 10)
177.15
 168.25
 215.42
147.99
 97.68
Share price at year end (of DKK 10)
94.45
 76.21
 220.70
180.09
 115.01
Price/net asset value
0.53
 0.45
1.02
1.22
 1.18
P/E
21.32
 Neg.
 3.12
3.41
 5.45
Market capitalisation
2,375.0
 1,999.7
 5,094.3
 4,211.0
 2,717.0

The financial ratios have been calculated in accordance with “Recommendations & Ratios 2005”, issued by the Danish Society of Financial Analysts.